Advisor Perspectives: Guiding Your Child to Financial Independence
Good money management is a fine example of a skill best learned young. The earlier your child gains control over their financial world, the more time your child has to make thoughtful decisions that bring them closer to financial freedom and the fulfillment of their life goals.
You can guide your child towards financial independence by imparting these valuable lessons:
Promote Him/Her to Account Manager
The best way to encourage financial responsibility is to make your child responsible for their financial decisions.